1. Ramona Unified School District June 26, 2014 1

2.  Highlights of this budget include: Lowering of class sizes K-3 in concert with the Ramona Teachers Association agreement Expanding course offerings in middle and high school (PLTW, French, Construction, Guitar, Ag) Extensive professional development Dollars for new instructional materials for mathematics Help for the upgrade of technology Support for a Facilities Improvements Committee 2

3.  Revenues$46,993,593  Expenses$49,351,722  Difference (structural imbalance) ($ 2,358,129)  Projected Beginning Balance$ 3,934,658 (July 1, 2014)  Ending Balance$ 1,576,529 (Projected for June 30, 2015)  Fund 17, Special Reserve Fund, houses the 3% reserve -- or $1,480,552-- which is not reflected in the above number or in the multi-year projections 3

4.  Since June 11, the State budget was approved by the legislators and signed by Governor Brown Slight increase to LCFF CalSTRS employee rate decrease  Decrease in projected health insurance rates Final rates will be presented to the Insurance Committee on June 30, 2014  Change in revenue due to latest version of LCFF calculator 4

5. 2014-20152015-20162016-2017 Current Yr. Revenues 46,993,59347,071,52047,147,386 Current Yr. Expenses 49,351,72250,102,81751,555,002 Deficit/Surplus (2,358,129)(3,031,297)(4,407,616) Beginning Balance 3,934,6581,576,529(1,454,768) Ending Balance 1,576,529(1,454,768)(5,862,384) 5

6.  Increase of backlogged Mandated Costs reimbursement payments $400 million of one-time revenue was incorporated into the 2014-2015 budget Uncertain of the actual dollars RUSD will receive in 2014-2015  Higher LCFF “Gap” funding in 2015-2016 and 2016-2017 based upon Department of Finance projections  Uncertainty of “Group Out of Home Bed”revenues 6

7.  With changes in these three assumptions, the three (3) year deficit would most likely be eliminated 7